auction Now 3.66u. Yesterday it topped out at 4.29. In less than a day it got chopped back by more than half.
For the first week-plus it just kept grinding in that narrow range of 3.15 to 3.29, then on August 30 one big pull pushed it up by about a third. Today it started to give it all back.
The order book is too small—market cap is only 27 million u. Daily turnover is 97 million u, with turnover more than triple. There hasn’t been much news on this coin lately either; everything you find is last year’s old material. This run is purely driven by capital.
I’m bearish. The historical low at 2.72 set on August 18 was only about ten days ago. After this kind of small-cap pull, it usually can’t hold on the same day, and it’s likely to move back. Once 3.15 breaks, it’ll likely retreat to look for 2.7.
If it reclaims above 4, then this view is invalid—that would suggest there’s a second wave. #auction $AUCTION
For the first week-plus it just kept grinding in that narrow range of 3.15 to 3.29, then on August 30 one big pull pushed it up by about a third. Today it started to give it all back.
The order book is too small—market cap is only 27 million u. Daily turnover is 97 million u, with turnover more than triple. There hasn’t been much news on this coin lately either; everything you find is last year’s old material. This run is purely driven by capital.
I’m bearish. The historical low at 2.72 set on August 18 was only about ten days ago. After this kind of small-cap pull, it usually can’t hold on the same day, and it’s likely to move back. Once 3.15 breaks, it’ll likely retreat to look for 2.7.
If it reclaims above 4, then this view is invalid—that would suggest there’s a second wave. #auction $AUCTION
